This panel appointment is expected to increase MCI’s member choice for second charge lending as well as deliver added value in the first charge market, where Central Trust said it would be enhancing its product range later this year.
Shane Tibbitts, head of partnerships at Central Trust, said the lender was delighted to be appointed to the MCI Mortgage Club panel.
Phil Whitehouse, head of MCI Mortgage Club, added: “Brokers are finding it increasingly hard to find loans and mortgages for customers with an impaired credit record or unusual circumstances. Central Trust have a dedicated team with direct access to help brokers from start to finish on such cases.”
First 4 Bridging completes Beneficial Network partnership
First 4 Bridging (F4B) has signed a deal to become a preferred specialist distribution provider for the Beneficial Network.
This partnership will offer Beneficial’s advisers access to F4B’s packager services, including bridging, development finance and commercial term loans.
The Beneficial Network comprises of independent advisers all qualified and authorised in providing mortgage, protection and insurance advice. The network is currently home to 170 advisers, however it is actively looking to increase its appointed representative and directly authorised numbers in 2020.
First 4 Bridging recently extended its presence in the North West of England with the appointment of Simon Bancroft as business development manager for the region.
Steve Swyny (pictured), head of sales at F4B, said: “After initial discussions with the team at Beneficial it quickly became apparent that there’s a healthy appetite throughout its network of advisers for easier access to a more comprehensive range of specialist lending solutions.
“We’re excited about opening up potential new revenue streams for Beneficial’s advisers and to arm them with the ability to service a greater proportion of their client’s lending requirements.”
Jason McDonald, managing director at Beneficial Network, added: “This represents a great opportunity for Beneficial to work with a formidable team of experts who can guide our advisers and their clients towards the best possible outcomes.”